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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $310,811 and $297,655, respectively; allowance for credit loss of $81 and $0, respectively) $ 354,809 $ 327,820
Equity securities, at estimated fair value 1,079 1,342
Contractholder-directed equity securities and fair value option securities, at estimated fair value (includes $0 and $3, respectively, relating to variable interest entities) 13,319 13,102
Mortgage loans (net of allowance for credit loss of $590 and $353, respectively; includes $165 and $188, respectively, under the fair value option and $0 and $59, respectively, of mortgage loans held-for-sale) 83,919 80,529
Policy loans 9,493 9,680
Real estate and real estate joint ventures (includes $169 and $127, respectively, under the fair value option and $128 and $0, respectively, of real estate held-for-sale) 11,933 10,741
Other limited partnership interests 9,470 7,716
Short-term investments, principally at estimated fair value 3,904 3,850
Other invested assets (includes $2,156 and $2,299, respectively, of leveraged and direct financing leases and $332 and $290, respectively, relating to variable interest entities) 20,593 19,015
Total investments 508,519 473,795
Cash and cash equivalents, principally at estimated fair value (includes $12 and $12, respectively, relating to variable interest entities) 19,795 16,598
Accrued investment income 3,388 3,523
Premiums, reinsurance and other receivables (includes $4 and $4, respectively, relating to variable interest entities) 17,870 20,443
Deferred policy acquisition costs and value of business acquired 16,389 17,833
Goodwill 10,112 9,308
Assets held-for-sale 7,418 0
Other assets (includes $1 and $2, respectively, relating to variable interest entities) 11,685 10,518
Separate account assets 199,970 188,445
Total assets 795,146 740,463
Liabilities    
Future policy benefits 206,656 194,909
Policyholder account balances 205,176 192,627
Other policy-related balances 17,101 17,171
Policyholder dividends payable 587 681
Policyholder dividend obligation 2,969 2,020
Payables for collateral under securities loaned and other transactions 29,475 26,745
Short-term debt 393 235
Long-term debt (includes $5 and $5, respectively, relating to variable interest entities) 14,603 13,466
Collateral financing arrangement 845 993
Junior subordinated debt securities 3,153 3,150
Current income tax payable 129 363
Deferred Income Tax Liabilities, Net 11,008 9,097
Liabilities held-for-sale 4,650 0
Other liabilities (includes $1 and $1, respectively, relating to variable interest entities) 23,614 24,179
Separate account liabilities 199,970 188,445
Total liabilities 720,329 674,081
Contingencies, Commitments and Guarantees (Note 21)
MetLife, Inc.’s stockholders’ equity:    
Preferred stock, par value $0.01 per share; $4,405 and $3,405, respectively, aggregate liquidation preference 0 0
Common stock, par value $0.01 per share; 3,000,000,000 shares authorized; 1,181,614,288 and 1,177,680,299 shares issued, respectively; 892,910,600 and 915,338,098 shares outstanding, respectively 12 12
Additional paid-in capital 33,812 32,680
Retained earnings 36,491 33,078
Treasury stock, at cost; 288,703,688 and 262,342,201 shares, respectively (13,829) (12,678)
Accumulated other comprehensive income (loss) 18,072 13,052
Total MetLife, Inc.’s stockholders’ equity 74,558 66,144
Noncontrolling interests 259 238
Total equity 74,817 66,382
Total liabilities and equity $ 795,146 $ 740,463